BNP Paribas Financial Markets Buys New Holdings in Trinity Capital Inc. (NASDAQ:TRIN)

BNP Paribas Financial Markets purchased a new position in shares of Trinity Capital Inc. (NASDAQ:TRIN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 48,953 shares of the company’s stock, valued at approximately $708,000. BNP Paribas Financial Markets owned about 0.08% of Trinity Capital at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Aquatic Capital Management LLC acquired a new stake in shares of Trinity Capital in the fourth quarter worth $124,000. Blue Trust Inc. boosted its holdings in Trinity Capital by 27.2% in the fourth quarter. Blue Trust Inc. now owns 9,814 shares of the company’s stock valued at $133,000 after purchasing an additional 2,100 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Trinity Capital during the 4th quarter worth about $152,000. Colonial River Investments LLC acquired a new stake in Trinity Capital during the 4th quarter worth about $158,000. Finally, Axxcess Wealth Management LLC purchased a new position in shares of Trinity Capital during the 4th quarter valued at about $158,000. 24.62% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TRIN has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lowered their target price on Trinity Capital from $16.00 to $15.00 and set a “market perform” rating on the stock in a research note on Thursday, May 8th. Wells Fargo & Company lowered their price objective on Trinity Capital from $14.00 to $13.00 and set an “underweight” rating on the stock in a research report on Monday, April 28th. UBS Group dropped their price objective on shares of Trinity Capital from $18.00 to $16.50 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Finally, B. Riley initiated coverage on shares of Trinity Capital in a research note on Tuesday, May 13th. They issued a “buy” rating and a $16.00 target price for the company.

Insider Buying and Selling

In related news, Director Richard P. Hamada sold 3,335 shares of Trinity Capital stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $14.90, for a total value of $49,691.50. Following the sale, the director now directly owns 93,735 shares in the company, valued at approximately $1,396,651.50. The trade was a 3.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Kyle Steven Brown acquired 3,513 shares of the business’s stock in a transaction on Friday, May 9th. The shares were purchased at an average price of $14.22 per share, with a total value of $49,954.86. Following the completion of the purchase, the chief executive officer now owns 55,332 shares in the company, valued at $786,821.04. This represents a 6.78% increase in their position. The disclosure for this purchase can be found here. 5.31% of the stock is owned by insiders.

Trinity Capital Price Performance

NASDAQ:TRIN opened at $14.39 on Friday. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.07. Trinity Capital Inc. has a 52 week low of $12.50 and a 52 week high of $16.82. The stock’s 50-day moving average price is $14.72 and its 200-day moving average price is $14.87. The stock has a market capitalization of $930.33 million, a PE ratio of 8.42 and a beta of 0.57.

Trinity Capital (NASDAQ:TRIN) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.01). The business had revenue of $65.39 million during the quarter, compared to analyst estimates of $67.67 million. Trinity Capital had a net margin of 40.73% and a return on equity of 15.90%. As a group, equities analysts expect that Trinity Capital Inc. will post 2.06 EPS for the current fiscal year.

Trinity Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.51 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.04 dividend on an annualized basis and a yield of 14.18%. Trinity Capital’s dividend payout ratio is currently 93.15%.

Trinity Capital Profile

Trinity Capital Inc is a business development company. It is a venture capital firm specializing in venture debt to growth stage companies looking for loans and/or equipment financing. Trinity Capital Inc was founded in 2019 is based in Phoenix, Arizona with additional offices in the United States.